LTC/USD bearish flag structure subject to a breakout

Fibo Quantum

  • Litecoin price on Thursday is trading in positive territory by 0.80%.
  • LTC/USD has found some daily support around the $70 mark, a breach could send the price down to $50. 

  • Price action via the daily chart view is moving within a bearish flag structure. 

 

Spot rate:                  73.71

Relative change:      +0.80%

High:                         74.64

Low:                          71.00

LTC/USD daily chart

 

LTC/USD 60-minute chart